NY Fed survey: Median one-year inflation expectations unchanged at 4.8% in July

No change from the June survey

NY Fed survey
  • Three-year inflation increased slightly to 3.7% from 3.6%, which is highest since 2013
  • Year-ahead home prices seen +6.0% from +6.2%
  • Full release

The rise in expectations was driven by rent and medical care.

Overall though, the Fed might take some comfort in the flattening of inflation expectations.

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